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ETF to be up & running soon
December 23, 2012--The government has set the ball rolling for setting up an exchange-traded fund (ETF) for central public sector enterprises (CPSEs) comprising stocks of listed companies that will serve as an additional mechanism for the government to monetise its shareholdings.
An ETF is a security that tracks an index like an index fund but trades like a stock exchange. Stocks may have representations from various sector to provide unit holders more diversification.
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Source: Hindustan Times
Asia economies surge ahead despite global slowdown
December 23, 2012--Emerging economies in Asia have surged ahead despite the impact of debt crisis in Europe, the slow world economic recovery, and the feared U.S. "fiscal cliff".
These economies performed well in 2012 although their growths were slower than expected. A United Nations report released recently says that economic growth of Asia and the Pacific in 2012 is forecast to be 5.6 percent, down from an earlier forecast of 6. 5 percent.
For the upcoming 2013, economists are generally optimistic on the continued growth in the Asia Pacific with strong domestic demand expected to offset weak export growth.
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Source: China.org.cn
Exchange-traded fund rules out in Jan.
December 21, 2012-THE RULES for listing exchange-traded funds (ETFs) are set to be released by the Philippine Stock Exchange (PSE) next month following a brief feedback period from likely issuers, the PSE's top official said.
The ETF rules by the SEC (Securities and Exchange Commission) have been approved; what’s next [are] the PSE rules for the listing of the ETFs, that’s coming out sometime in January. Those will be circulated then,” Hans B. Sicat, PSE president and chief executive officer, told reporters at the sidelines of an event with media in Makati City on Thursday.
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Source: Business World On-line
Nikkei-TOCOM Commodity Index to be Renamed in February 2013
December 20, 2012--The Tokyo Commodity Exchange, Inc. (TOCOM) and Nikkei Inc. announced today a name change of the Nikkei-TOCOM Commodity Index as of February 12, 2013.
This change only applies to the Japanese language name. The two companies have been jointly calculating and publishing the index since 2009.
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Source: Tokyo Commodity Exchange, Inc. (TOCOM)
SZSE Low Volatility, High Beta Series Indices Launched
December 20, 2012--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly announced on December 20, 2012 to issue SZSE low volatility, high beta series indices, which include SZSE 300 Low Volatility Index(Abbreviation: S300 LV, Code: 399661), SZSE 300 High Beta Index (Abbreviation: S300 HB, Code: 399662), SME 300 Low Volatility Index(Abbreviation: SME LV, Code: 399663),
SME 300 High Beta Index(Abbreviation: SME HB, Code: 399664), SME-ChiNext 500 Low Volatility Index(Abbreviation: SME-ChiNext LV, Code: 399665), SME-ChiNext 500 High Beta Index(Abbreviation: SME-ChiNext HB, Code: 399666).
SZSE Low Volatility and High Beta series indices take SZSE Core Index as sample space, respectively selecting stocks of low volatility and high beta as sample stocks. As indicated by the research at home and aboard, low volatility indices can reduce the portfolio risk, prevent market bubble, and outperform their parent indices in the long term; whereas high beta indices provide perfect trading instrument targets related to high elasticity portfolio of ever-changing market. By separating stocks of different risk scale, SZSE Low Volatility, High Beta series indices, provide investment targets of different risk, thus facilitate the investors to better understand and control market risk.
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Source: Shenzhen Stock Exchange
ESMA publishes an updated Q&A on prospectus
December 19, 2012--This new set of Q&A readopts CESR positions as ESMA positions or amends them to reflect ESMA positions. it also includes a new Q&A on "type of underlying".
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Source: ESMA
Harvest among nine firms handed QFII permits
December 18, 2012--A number of Hong Kong subsidiaries of Chinese fund houses became eligible. Hai Tong Asset Management (HK) was granted a QFII licence in ...
"As a group we have strong investment capabilities in managing domestic Chinese ... HGI received Rmb1.1 billion in the first batch of RQFII quotas and
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Source: Asian Investor
Australian ETF market hits all-time high in November
December 19, 2012--The Australian exchange-traded fund industry continued its upward trend reaching AUD6.3bn in assets under management,
an all-time industry high, at the end of November 2012, according to BetaShares’ Australian ETF Review for November.
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Source: BetaShares
East Asia and Pacific remains bright spot in difficult global landscape
Growth will maintain momentum for poverty reduction but considerable risks remain, says World Bank East Asia and Pacific Economic Update
December 19, 2012-- Economies of developing East Asia and Pacific remained resilient despite the lackluster performance of the global economy. The World Bank's latest East Asia and Pacific Economic Update released today, projects the region will grow at 7.5 percent in 2012, lower than the 8.3 percent registered in 2011, but set to recover to 7.9 percent in 2013.
With weak demand for exports from global markets, domestic demand has remained the main driver of growth for most economies of the region. The region’s economic performance in 2012, the report says, was affected by China’s economic slowdown.
view the East Asia and Pacific Economic Update, December 2012- Remaining Resilient
Source: World Bank
Indian gold ETF holdings now exceed $2.1 billion
India, despite its tradition of possessing physical gold, now has a new love, with gold ETF purchases soaring.
December 19, 2012--Investor demand for gold has not waned in India despite rising prices. Indians' love for gold has pushed the size of assets held through gold exchange traded funds (ETFs) to an all-time high of $2.1 billion (Rs 119 billion) in the country.
The surge in the asset size of gold funds continues even as the Indian government has taken steps to direct the flow of household savings into equity, mutual funds and other financial instruments.
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Source: MineWeb
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